The time-series component that exhibits fluctuations over more than a year in time above and below the secular trend is ________.
A)Irregular
B)Cyclical
C)Seasonal
D)A trend

Question

Quizplus · Accepted Answer

The component that exhibits fluctuations over more than a year in time above and below the secular trend is considered cyclical. The irregular component represents random fluctuations in the time series, the seasonal component represents regular patterns that occur within a year, and a trend represents a long-term increase or decrease in the series.

The Time-Series Component That Exhibits Fluctuations Over More Than a Year